Problem 17-52 (Algo) Materlals Mix and Yleld Varlances (LO 17-5) Pinnuck Products makes a liquid solvent using two grades of petroleum (Grade-1 and Grade-2). Within certain limits, the two grades can...

Extracted text: Problem 17-52 (Algo) Materlals Mix and Yleld Varlances (LO 17-5) Pinnuck Products makes a liquid solvent using two grades of petroleum (Grade-1 and Grade-2). Within certain limits, the two grades can substitute for one another, so the actual mix of inputs often differs from the standard mix. The standard cost of a unlt of output follows. Cost per Quantity Unit Input Grade Grade-1 1.2 units $8.55 0.8 units $6.55 Grade-2 10,700 units were produced during August. The actual inputs purchased and used during August were as follows. Cost per Total Quantity Unit Input Grade Grade-1 15,500 units 8,400 units $8.45 $6.75 Grade-2 Requlred: Prepare a complete materials variance analysis show the material price variance, the materials efficiency variance, the material mix variance, and the material yleld variance. (Do not round Intermedlate calculatlons. Round "Standard mix values" to 2 declmal places. Indlcate the effect of each varlance by selecting "F" for favorable, or "U" for unfavorable, If there Is no effect, do not select elther optlon.) Direct Material Mix Variance Yield Variance Efficiency Variance Purchase Price Variance Input Grade Grade-1